3i Infrastructure has completed its investment in the renewable development and operating company Valorem. 3i Infrastructure has invested €57m to acquire its 28.5% interest in the French business and to fund the company's pipeline.
3i Infrastructure acquired its interest from FCPR Capenergie (a fund managed by Omnes Capital) and other minority shareholders.
3i Infrastructure has also committed to invest a further €12m over the next three years with a view to increasing the company's owned installed capacity. The transaction was announced on 14 July.